CPG Newco LLC (d/b/a The AZEK Company) Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

CHICAGO, Jan. 6, 2020  CPG Newco LLC (d/b/a The AZEK Company) ("AZEK") today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to its proposed initial public offering of shares of its common stock following its conversion into a corporation. AZEK has not yet determined the offering price and the number of shares to be offered. AZEK intends to use the net proceeds from the offering primarily to redeem AZEK's outstanding 8.000% senior notes due 2021 and for general corporate purposes. The timing and other terms of the proposed offering remain subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act. 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. These forward-looking statements relate to our plan to conduct a registered offering, which is based on current expectations. The forward-looking statements contained herein should not be relied upon as representing AZEK's views as of any subsequent date, and AZEK undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

SOURCE The AZEK Company

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